Central Bank of Kuwait

Kuwait Imposes ‘Absolute Prohibition’ on Crypto Payments
Kuwait Imposes ‘Absolute Prohibition’ on Crypto Payments
July 20, 2023  |  Cryptocurrency

Kuwait has outlawed the use of cryptocurrency in payments or investments to prevent money laundering. Regulations unveiled earlier this week by the country’s Capital Markets Authority (CMA) place...

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Kuwait’s Central Bank Asks Volunteers to Test Its BNPL Product
Kuwait’s Central Bank Asks Volunteers to Test Its BNPL Product
October 24, 2022  |  Buy Now Pay Later

The Central Bank of Kuwait (CBK) announced that it has allowed a new buy now, pay later (BNPL) product to begin testing with volunteer customers...

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